With all the changes coming out of the Affordable Care Act and the new Health Benefit Exchanges across the country, it can be difficult to stay informed and up-to-date. What has already changed and what changes are coming later? What does this mean for me? What will it mean for my family?
The Washington State Office of the Insurance Commissioner put out some FAQs related to Medicare and the Health Benefit Exchange. (Thanks to the Crisis Clinic for sharing it via their e-newsletter!) I hope the questions and answers below will help you feel more informed. If so, pass on the information to people in your life who would benefit from it!
Do I need to re-enroll in my Medicare plan through the new health insurance Exchange?
No. Medicare’s open enrollment is not part of the new health insurance Exchange. It’s for people under age 65. People with Medicare, who want to make Medicare coverage changes, should make sure they review Medicare plans and not Exchange options.
Will I lose my Medicare coverage due to health reform and the Exchange?
No. Health reform and the Exchange do not affect your Medicare coverage. You’ll still have the same benefits and security you have now with Medicare.
Do I need a new Medicare card due to health reform?
No. But some people may try to convince you otherwise. Don’t listen to them. Protect your Medicare card just like you would a credit card or your Social Security card.
Will seniors on Medicare have to buy additional insurance due to health reform?
No. Medicare is not part of the new Exchange, so you don’t need to do anything.
Will people on Medicare receive a fine for not buying a health insurance Exchange plan?
No. In fact, it’s against the law for someone who knows you have Medicare to sell you an Exchange plan.
Can I go to the Exchange and get the subsidy to help pay for any of my Medicare coverage?
No. People on Medicare are not eligible for the subsidy through the Exchange.
What should I do if someone contacts me about signing up for an Exchange plan and I’m on Medicare?
- Do Not sign up for an Exchange plan!
- Do Not share your Medicare number or other personal information with anyone who knocks on your door or contacts you uninvited to sell you a health plan.
- Do try and get the person’s contact information, such as their name, company they work for, phone number and email.
- Do report the incident to SHIBA (Statewide Health Insurance Benefits Advisors) at (800) 562-6900.
What if I’m over age 65 and don’t qualify for Medicare – can I buy a plan in the Exchange? And if so, can I get a subsidy?
If you are over 65 and aren’t eligible for Medicare (you’ve been in the U.S legally for less than 5 years), you may buy a plan in the Exchange. However, you will not receive a subsidy.
I’m about to turn age 65 in a few months and will be eligible for Medicare, should I buy a plan in the Exchange?
If you’re about to turn 65 and you currently don’t have health insurance, you can buy a health plan in the Exchange. However, when you officially enroll in Medicare, you’ll need to drop your Exchange plan. Note: Any plan you buy in the Exchange between Oct. 1 and Dec. 31, 2013, won’t take effect until Jan. 1, 2014.
Medicare enrollees can review, compare and join a 2014 plan through December 7, 2013.
YWCA Health Access: Empowering Women in Health 